US Business

The reinsurer reported a larger-than-expected increase in net profit as it absorbed the impact of the wildfires that ravaged California in January.

The Cartier owner’s core jewelry division drove sales as the luxury sector contends with slowing demand and an unpredictable global trade spat.

The work stoppage by locomotive engineers will affect more than 350,000 commuters.

The U.S.-U.K. trade pact spares the British auto industry from the worst of President Trump’s sweeping tariffs while casting doubt over its prospects in a key growth market.

The company posted better-than-expected earnings as industrial business profit grew 29%.

Both companies agreed on the terms of the deal which would create a business with a combined revenue of around $5.30 billion with 30,500 employees.

The increase was mainly driven by a better performance in its infrastructures business.

Eni is in exclusive talks to sell a 20% stake in its Plenitude low-carbon unit to Ares Management’s alternative-credit arm.

The truck maker will explore expressions of interest for its defense business while continuing with work for a possible spinoff.

The catering contractor said its pretax profit for the six months ended March 31 rose to $1.28 billion from $1.20 billion in the same period a year prior.